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1. Which of the following statements is not true for a contract with multiple performance...

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Accounting

1. Which of the following statements is not true for a contract with multiple performance obligations?

a. Revenue is always recognized for the whole contract at a single point in time after all performance obligations are fulfilled.

b. There may be different types of revenues bundled together on one single contract.

c. The amount of revenue allocated to each performance obligation depends on the relative retail values of each PO.

d. The bundle price may be higher than total retail price of each individual performance obligation.

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